Alphabet shares post worst day ever, shedding $500bn as AI capex fears hit search revenue
Alphabet's revenue miss and negative free cash flow revived investor worries that AI spending is eroding its core search business and weighed on global markets.
CNBC · +15 outlets
Binance halts withdrawals after $6.3bn crypto heist, freezes $3bn and pledges to cover losses
The record breach, tied to a compromised engineer's laptop and unconfirmed reports of North Korean involvement, is among the largest security failures in crypto
Ft · +6 outlets
Amazon stock slides on Q3 miss as negative free cash flow hits $42.4bn and AI spending climbs
Amazon's AWS grew 39% but weak advertising and a capital-intensive AI buildout pressured the stock and raised questions about free cash flow.
CNBC · +14 outlets
Intel stock plunges about 21% as weak PC chip outlook dents turnaround
Intel's guidance miss on PC chip sales and margins ended its run as an AI-era Wall Street favorite and drove one of its worst single-day drops.
Ft · +14 outlets
DoorDash to acquire Instacart in $17bn deal as quarterly results top estimates
The deal would consolidate two major delivery platforms and sent DoorDash shares sharply higher on its earnings beat.
Moomoo · +13 outlets
ServiceNow shares plunge 27% in worst day ever after earnings revive AI disruption fears
The software company's weak third-quarter results stoked concerns that AI is disrupting incumbent enterprise software business models.
CNBC · +9 outlets
Microsoft plans to raise $25bn in debt to fund AI buildout
Microsoft leaned on its strong credit rating to finance AI infrastructure, a contrast with peers burning through free cash flow.
CNBC · +13 outlets
Reddit shares sink on weak sales guidance and plans to test login requirement
Reddit said it will test requiring users to log in to view content as Google search traffic shrinks, a shift that could affect its ad business.
CNBC · +4 outlets
Iran claims four tankers struck mines in Strait of Hormuz as strike fears grow
Tehran disputed U.S. claims that key shipping lanes had been cleared, raising risks for global oil transit.
CNBC · +14 outlets
Starbucks sales miss expectations as U.S. turnaround gains steam
U.S. comparable sales topped estimates but international weakness left investors unconvinced the turnaround is fast enough.
CNBC · +6 outlets
Shell and Total post highest quarterly profit since 2022
The energy majors benefited from elevated oil and gas prices amid Middle East tensions.
Reuters · +12 outlets
BOJ holds rates as underlying inflation aligns with 2% target for first time since 2013
The Bank of Japan's declaration marks a milestone in its long exit from ultra-loose monetary policy.
CNBC · +14 outlets
Federal Reserve leaves rates unchanged, citing inflation concerns
Policymakers held rates steady as inflation remained above target, keeping markets focused on upcoming central bank decisions.
RV PRO · +14 outlets
ECB keeps key rate on hold at 2.5%, Lagarde to step down in February
Markets read the decision as a hawkish pause, while Lagarde's planned early exit raises questions about the central bank's next leadership.
CNBC · +14 outlets
U.S. third-quarter GDP rises 3.4%, beating expectations, as September inflation accelerates
Robust consumer spending and AI-related investment powered growth even as price pressures persisted.
CNBC · +13 outlets
Nvidia disputes report CEO Jensen Huang was target of Chinese intelligence surveillance
The chipmaker said allegations involving a person close to Huang were investigated and debunked.
CNBC · +10 outlets
France's economy contracts 0.1% in third quarter
The eurozone's second-largest economy is contending with high energy prices and rising borrowing costs.
Ft · +1 outlets
Rivian raises delivery forecast as R2 ramp supports quarterly results
The EV maker beat estimates on rising software revenue and R2 deliveries and revised its 2026 guidance upward.
Seeking Alpha · +1 outlets